Mesa posts $15.9 million first-quarter profit

Mesa Air Group, which operates as a regional partner with Delta Air Lines, United Airlines and US Airways and independently as Mesa Airlines, reported net income of $15.9 million for its fiscal first quarter ended Dec. 31, reversed from a loss of $4.2 million in the year-ago period, and noted that Hawaiian inter-island subsidiary go! turned a profit for the first time. The regional operator reduced expenses on lower capacity and benefited from the sharp drop in fuel prices during the three ...